By: Seana Smith
Amazon AMZN ) – Barclays ( BCS ) initiated coverage on the stock with an overweight rating and a price target of $1,120, which implies nearly 30% upside potential from Amazon's closing price on Tuesday. In a research note, Barclays wrote that Amazon “is arguably the best story in the space, with the most open-ended growth opportunity & most highly functional organization.” It also said the firm is likely to be one of the first trillion-dollar market cap companies.







